Accreditation and CLE Rules for New Jersey

National Academy of Continuing Legal Education is a NJ Accredited CLE Provider. You can see our official approval letter here: NACLE NJ Approval Letter. NJ Attorneys may earn both Live and Self-Study hours through the National Academy of Continuing Legal Education. You can satisfy your entire requirement & save the most by bundling a NACLE Self-Study CLE Package with a NYCLA “Live Pass”. Self-Study courses are available in a variety of convenient formats including Instant Online CLE, DVDs and Audio CDs. Live Passes can be used at any NYCLA lecture on our calendar. Rule 201:3 Carryover - A total of twelve credit hours may be carried over to a subsequent compliance period.

Each active New Jersey attorney is
permanently assigned to one of two compliance groups for CLE purposes.

Group 1 is attorneys with birthdays in January through June and must complete their CLE by 12/31 every odd numbered year (2017, 2019, etc…)

Group 2 is attorneys with birthdays in July through December and must complete their CLE by 12/31 every even numbered year (2018, 2020, etc…)

Description

Collateralized Debt Obligations (CDOs) and Credit Default Swaps (CDS) have played and continue to play prominent roles in the global capital markets. What's the difference between a CDO and a CLO? What are TruPs CDOs? And why are they so controversial? Cut through the headlines and get a real understanding of CDOs and CDSs, how they are structured and the litigation landscape regarding these investments today.

This informative CLE course, presented by New York attorney and CDO and derivatives expert Jack Chen, walks you through the different types of CDOs, the various parties involved in a CDO, the legal agreements and areas of law with which these important financial products interact. Any practitioner who works with banks, investors, structured products or derivatives will learn valuable information that they can apply in their everyday work.

Lecturer Bio

Jack Chen, Esq.

Jack is a consultant with expertise in the capital markets, corporate securities, structured finance, asset backed securities, ratings, real estate investments and derivatives. He currently provides advisory and consultancy services and has testified as an expert witness in federal court in a case involving ratings and complex financial products. He is a recognized expert in structured finance where he has over 15 years' of experience. His product expertise includes derivatives such as credit default swaps, interest rate derivatives and total return swaps, cash and synthetic collateralized debt obligations, collateralized loan obligations, derivative product companies and structured investment vehicles.

Jack began his career as an associate at the white shoe law firm of Willkie Farr & Gallagher and then joined the prestigious law firm of Sullivan & Cromwell with a practice in corporate law, securities and a concentration in structured finance. He left law to rate derivatives and structured products at Moody's Investors Service and then served as the Chief Operating Officer of HillMark Capital and then of Centerline Financial before founding his own consulting firm, Pronetik, providing litigation support, serving as an expert witness and supervising quantitative analyses. Jack has appeared on the CBS Evening News and was featured as an expert on 3-part documentary titled “Age of Gold” for the “Docu-Prime” series of South Korean television network EBS. He has also been quoted or cited in a number of newspapers and trade journals, including Wall Street Journal, Business Week, Bloomberg News, Market Watch News Hub, Risk, Creditflux, St. Petersburg Times, Asset-Backed Alert and Structured Credit Investor.

Jack received his undergraduate degree from Columbia College, Columbia University and his legal degree with honors from Fordham University School of Law where he was Senior Articles Editors of the Fordham Law Review.

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